The conflict in the Ukraine – the cost of the crisis – Supplying arms & the Refugees

My remit in this video is very narrow.

I’m not going to talk about the Ukrainian conflict - at least not in terms of the on-going Russia incursion into Ukraine. I obviously have an opinion on this, but I won’t be sharing it here.

The focus on this video is on the cost of arming the Ukrainian forces and also the cost to Europe of hosting over 6 million Ukrainian refugees.

Billions of Dollars have been spent and are going to be spent on supplying the Ukrainians with weapons. I’m sure I’m right in saying that most of you listening are familiar with the Military Industrial Complex talked about by President Dwight D Eisenhower in his 1961, farewell address. War in big business. Also, in the words of US Major General Smedley D Butler, “War is a Racket”

Likewise, billions of Euros are going to be spent integrating the refugees into whatever country they end up in – providing housing, education and health etc

My comment on this though might perhaps not be what might be expected.

I’m not going to complain about the cost of it. Or talk about how these costs should be met.
Neither am I going to discuss the rights or wrongs of it.

What I will simply say is that it’s just a way of spending currency.

Where there is crisis, there is also opportunity. To our Overlords, Ukrainian crisis and the refugees represent an opportunity.

To keep the Central Bank con going, ever increasing amounts of currency needs to be created – kind of like a Ponzi scheme that requires new gullible investors to make contributions.

And the refugee crisis represents a pretty good way of spending currency. The more currency that is spent the better because massive currency creation is a means to an end. One of their main aims in terms of Economics is to create hyperinflation and any currency creation, for whatever reason, helps them achieve this aim. Staying with the military theme of this video, hyperinflation could be regarded as “a weapon of mass destruction”. It’s going to destroy lives and as well Economies.